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NSC

Norfolk Southern Corp (NYSE:NSC) reported a Q2 FY23 railway operating revenue decline of 8% YoY to $2.98 billion, missing the consensus of $3.08 billion. Adjusted EPS was $2.95, below the consensus of $3.11. The company's results include a $416 million charge associated with an incident in Eastern Ohio. Railway operating expenses increased by 21% YoY to $2.40 billion. The company repurchased and retired 1.3 million shares in the first six months of 2023 for $303 million. NSC shares are trading lower by 0.83% at $234.96.

Portfolio Pulse from Akanksha Bakshi

July 27, 2023 | 4:21 pm

ORLY

A significant bearish stance has been taken on O'Reilly Automotive (NASDAQ:ORLY) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The price target for ORLY, based on Volume and Open Interest, ranges from $740.0 to $970.0. The current price of ORLY is down -3.54% at $931.46. Analysts from Truist Securities, Wedbush, Wells Fargo, and Stephens & Co. have maintained their ratings on ORLY, with price targets ranging from $940 to $1075.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 4:17 pm

AREB

BANL

BMY

VIEW

On Thursday, 56 stocks hit new 52-week lows. The largest company to set a new low was Bristol-Myers Squibb (NYSE:BMY), while the smallest was American Rebel Holdings (NASDAQ:AREB). View (NASDAQ:VIEW) saw a significant drop, trading down 5230.71% to reach a new low. CBL International (NASDAQ:BANL) saw the sharpest rebound, with shares ascending 0.09% after hitting a new low.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 4:17 pm

LVWR

LiveWire Group reported a year-over-year decrease in Q2 EPS and sales, leading to a drop in its share price.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 4:16 pm

ASXC

CTCX

FEMY

META

MRSN

NOA

TPIC

U.S. stocks traded higher with the Nasdaq Composite gaining around 1%. Meta Platforms, Inc. (NASDAQ:META) shares jumped 7% after reporting better-than-expected Q2 results. Carmell Therapeutics Corporation (NASDAQ:CTCX) shares shot up 41% after announcing a merger with Axolotl Biologix. Femasys Inc. (NASDAQ:FEMY) shares shot up 174% after the US Patent and Trademark Office issued a Notice of Allowance for FemBloc. North American Construction Group Ltd. (NYSE:NOA) shares were up 38% after posting better-than-expected Q2 results. Mersana Therapeutics, Inc. (NASDAQ:MRSN) shares dropped 77% after UPLIFT clinical trial did not meet primary endpoint. TPI Composites, Inc. (NASDAQ:TPIC) shares were down 35% after lowering its 2023 forecast. Asensus Surgical, Inc. (NYSE:ASXC) shares fell 35% after reporting a $10 million registered direct offering.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 4:16 pm

OII

Oceaneering International reported worse-than-expected Q2 financial results and issued guidance, causing its shares to trade lower.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 4:15 pm

ATHM

Autohome Inc reported Q2 2023 revenues of $252.79 million, up 5.8% year-on-year, beating the consensus of $249.5 million. The company's mobile DAUs grew by 31.7% Y/Y to reach 62.71 million. Autohome also debuted China's first mobile exhibition truck featuring a large-scale holographic display and unveiled its first Autohome Energy Space franchise store in Haikou, Hainan Province, China. Autohome shares traded up 3.18% at $32.10 Thursday at publication.

Portfolio Pulse from Anusuya Lahiri

July 27, 2023 | 4:11 pm

PNR

Pentair PLC (PNR) reported Q2 FY23 net sales growth of 1.7% YoY to $1.08 billion, beating the consensus of $1.06 billion. Adjusted EPS was $1.03, above the consensus of $0.95. The company raised its FY23 EPS guidance to $3.65-$3.75 from $3.60-$3.70. However, it expects sales to be down approximately 2% to flat on a reported basis. PNR shares are trading higher by 2.97% at $68.91.

Portfolio Pulse from Akanksha Bakshi

July 27, 2023 | 4:09 pm

NOVA

Sunnova Energy International reported worse-than-expected Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 4:07 pm

NXT

Nextracker has reported better-than-expected Q1 financial results and raised its FY24 guidance, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 4:06 pm